What is Fetch.ai?
Fetch.AI is a project that aims to create a fully decentralized machine learning platform based on blockchain technology. The goal is to create an artificial intelligence lab that allows users to use this technology in a very simple way and at the same time feed the machine learning systems that power AI in this ecosystem. The goal of the ecosystem is simple: to accelerate the research and use of new technologies such as blockchain and artificial intelligence.
The FET token is an ERC-20 token that acts as a token function for the Fetch.AI ecosystem. The purpose of the token is to allow the payment of commissions and protect the network from misuse of the resources available on it. FET is required for all exchanges in the network, as a return method for logging into the network, for staking, and as a mechanism to return value to those who perform work in the network.